Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC’s segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta. It also consists of two operating oil sands steam assisted gravity drainage projects and a resource base of exploration areas in the Athabasca region of northeastern Alberta. The Light Oil segment includes its assets, liabilities and operating results for the exploration, development and production of light crude oil and medium crude oil, tight oil and conventional natural gas. Its Light Oil segment consists exclusively of the Duvernay in the Greater Kaybob area with about 155,000 gross acres across Kaybob West, Kaybob North, Kaybob East and Two Creeks.


TSX:ATH - Post by User

Comment by JrOGInvestoron Feb 14, 2022 7:38am
278 Views
Post# 34425464

RE:RE:always good to look at both sides of the coin.

RE:RE:always good to look at both sides of the coin.Another factor to play into Ath SP towards the end of this year and into next would be that Mexico is reportedly halving their exports of heavy oil to the US by the end of this year (apparently they've already reduced to India also) and by the end of next year, when Ath should be out of debt with a floor of 80-85 $ / barrel, will have halted all heavy oil exports to become more self sufficient as their refinery will be online.
If Ath is able to churn out more heavy oil by then, the US (I'm led to believe) doesn't produce any appreciable amounts of heavy oil, will have little choice but to get more from Canada. Maybe then we can stop discounting it. Either way, it bodes well for the heavy oil industry in Canada as long as there is a need for it.
<< Previous
Bullboard Posts
Next >>